-Business Standard Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops All signs point to the growing distress in rural areas. The rainfall deficit currently stands at 15 per cent of its long-term average. If the situation persists, this year's monsoon could end up being the worst in nearly three decades, say experts. Poor rainfall has also depleted water reservoirs levels, which is likely to...
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Advance estimates peg this year’s kharif yield at less than that of 2014-15
-The Times of India NEW DELHI: Hit by drought in two consecutive years due to deficit Monsoon, India's food-grain production is likely to decline this year. The government's first 'advance estimates', released on Wednesday, put the total Kharif (summer) foodgrain production for 2015-16 at 124.05 million tonnes (MT) which is 2.26 MT less than the 'actual' Kharif output of 2014-15. If one takes into account only 'first advance estimates' of Kharif foodgrain...
More »2015 is likely to be a drought year
Spectre of drought haunts the nation! More than 40 percent of districts are affected by drought this year. Drought is expected to affect the prospect of crop production and livelihood of agriculturalists. According to an estimate made by the India Meteorological Department (IMD), 283 districts out of total 640 districts are affected by drought. In such districts, rainfall deficiency this year has been in the range of -20 percent to...
More »Cabinet approves additional 50 days of work for rural households in drought-hit areas -Vishwa Mohan
-The Times of India NEW DELHI: With India's 40% of the area facing drought situation due to deficient Monsoon rainfall, the government on Wednesday approved additional 50 days of employment over and above 100 days per household per year under the MGNREGA in drought affected areas. The move to increase the days of employment from 100 days to 150 days was approved by the Union Cabinet, which met under Prime Minister Narendra...
More »The looming spectre of rural distress -Vatsala Kamat
-Livemint.com Amid all the gloom, the lower inflation rate and commodity prices could bring some respite With the southwest monsoon retracing, concerns about the deficiency of rainfall and its impact on the economy are increasing. The 15% rainfall deficit makes it the second consecutive year of less-than-normal monsoon dotted with some unseasonal showers. Together, this would have multiple ramifications on economic growth. Both macroeconomic and sectoral analysts have turned cautious and some...
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